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Markets · November 8, 2026 · 2 min read

Qatar reserve data show different growth rates for official reserves and broader liquidity

By Econ Data Tools Editorial Team

Published November 8, 2026 • Updated November 8, 2026

The November 8 QNA report puts official reserves at QAR 223.450 billion, up 10.70% year over year. Broader reserves and foreign-currency liquidity rose only 0.325%; the release does not establish why the asset mix changed.

Qatar News Agency reported on November 8, 2026 that Qatar's international reserves and foreign-currency liquidity reached QAR 262.289 billion at the end of October, up 0.325% from QAR 261.437 billion a year earlier. QNA attributed the figures to data released that Sunday by the Qatar Central Bank. The comparison is year over year, not a 0.325% increase from September. The narrower official international-reserves measure increased 10.70%, or QAR 21.606 billion, to QAR 223.450 billion from October 2025. That is a different measure from the broader reserves-and-liquidity total. Applying the 10.70% rate to the broader total would overstate its reported annual growth. Balances held with foreign banks rose by QAR 66.040 billion over the year to QAR 78.169 billion. Meanwhile, holdings of foreign bonds and treasury bills fell by approximately QAR 42.110 billion to QAR 87.847 billion. These reported changes describe the composition of reserve assets; they do not, by themselves, establish the motive, timing or counterparties of individual transactions. Gold holdings were QAR 52.258 billion, down approximately QAR 2.292 billion from QAR 54.550 billion in October 2025. The release reports the value of gold holdings, not the physical quantity bought or sold. A change in their reported value should not automatically be described as a central-bank gold sale. QNA also reported Special Drawing Rights holdings of QAR 5.176 billion, down QAR 30 million over the year. Its description identifies foreign securities, foreign-bank balances, gold and IMF-related assets among the reserve components, while additional liquid foreign-currency assets distinguish the broader liquidity measure. The component figures and the two headline totals should be kept separate. The November 8 release does not establish a 48-month streak of uninterrupted monthly growth, a new investment mandate, or a causal link to LNG export receipts. It also does not announce an exchange-rate policy change. This brief reports the central-bank figures as carried by the state news agency, without converting a reserve snapshot into a forecast or investment recommendation.

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